Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, April 18, 2008
van Gecko 14:28 GMT April 18, 2008
Euro looks bloated but not ready to roll-over & dive after a 900+ pips no brainer rise from 1.50.. Euro/Yen Longkie's can expect more catch-up pips to start filling their piggybank with help from some hard working Yenophobies.. cheerios
Stockholm za 16:02 GMT April 17, 2008
On EUR/USD tech…
Justification of breakout was given on February 28, 2008 after the November<>February
Development phase. With charm giving 4m. From there it was unable to capture the needed 300 pip correction, but Maintain weekly development & daily distribution structure in the upper band of the channel, thresholds on targets is seen as 1,6266 & 1,5352. atm.
Global-View - Nothing I post have to do with, point to my self bragging rights or ego stroking, but about the often forgotten topic in Fx
the “Application of hind sight trading in a forward looking market” not after the fact.
If you so desire I can send the research working paper to you, to be included in the forex trading handbook..
Forum activities on that date justify the concern…..
Euro @1.5950
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
Euro looks bloated but not ready to roll-over & dive after a 900+ pips no brainer rise from 1.50.. Euro/Yen Longkie's can expect more catch-up pips to start filling their piggybank with help from some hard working Yenophobies.. cheerios
Stockholm za 16:02 GMT April 17, 2008
On EUR/USD tech…
Justification of breakout was given on February 28, 2008 after the November<>February
Development phase. With charm giving 4m. From there it was unable to capture the needed 300 pip correction, but Maintain weekly development & daily distribution structure in the upper band of the channel, thresholds on targets is seen as 1,6266 & 1,5352. atm.
Global-View - Nothing I post have to do with, point to my self bragging rights or ego stroking, but about the often forgotten topic in Fx
the “Application of hind sight trading in a forward looking market” not after the fact.
If you so desire I can send the research working paper to you, to be included in the forex trading handbook..
Forum activities on that date justify the concern…..
Euro @1.5950
Labels: Euro
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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